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jaocoincrypto18
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August 10, 2019, 01:49:58 AM |
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Both are good for investments but if you will only choose one then i will go for gold as the price is stable and steadily increasing as the time goes by. In fact my gold wedding ring which is i bought 10 years ago for the price of $200 is now became $400 per appraisal value.
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Darker45
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August 10, 2019, 02:05:53 AM
Last edit: August 10, 2019, 02:34:29 AM by Darker45 |
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How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
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LogitechMouse
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August 10, 2019, 02:12:17 AM |
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I'm not investing in Gold because I don't know how but I think choosing both of them to invest for the long term is better idea compare to just choosing one of them.
Diversifying your portfolio is better as an investor compare to just putting your money into one investment only. What is important is you know the risks when you are investing in both of them and be ready in times you face the worst.
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Mehedi72
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August 10, 2019, 08:05:49 AM |
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Both of them can be chosen. If anyone want to have safe and secure investment with low profit, then gold is for them. If anyone want to have risk investment with high/low profit, then bitcoin is for them.
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
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Free1bitco.in
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August 10, 2019, 08:39:54 AM |
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How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
Yaps, at the very least, with both, we know which set will greatly benefit us. it's just that, I agree, when holding bitcoin for about 4 - 5 years, it might make good profits, and even faster than gold. I'm also more likely to choose bitcoin over gold in this case. apart from that, I will certainly still adopt gold, because it's very good for a longer period of time than bitcoin. |
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Anonylz
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August 10, 2019, 01:36:08 PM |
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If you look at it from a stable investment point of view, i think i would go for gold, the profit may not be huge but at least with gold their is very minimal price volatility that could bring heartache, but if you are looking to earn huge profit, then btc is the right choice but you have to endure the constant fluctuation in price.
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hosseinimr93
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August 10, 2019, 01:40:25 PM |
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Both of them can be chosen. If anyone want to have safe and secure investment with low profit, then gold is for them. If anyone want to have risk investment with high/low profit, then bitcoin is for them.
Personally i would choose to invest bitcoin for long term because of getting high profit although its dangerous & worth can be hacked. Reason behind choosing bitcoin is, i think bitcoin will have dominance in the world and probably fiat will be replaced by bitcoin
Yes, You are right. Your worth can be hacked. But that's impossible if you hold your bitcoins is a safe wallet. Note that your golds can be also stolen. Bitcoin is more safe as you can be the only person who knwo you have bitcoin. |
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1Referee
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August 10, 2019, 01:49:15 PM |
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I'm not investing in Gold because I don't know how but I think choosing both of them to invest for the long term is better idea compare to just choosing one of them.
I'm not aware of the legislation in your country regarding the sales of physical Gold, but in my case Gold up to an amount of €10,000 is just as easily purchased as new headphones for example. Above €10,000 sellers by law ar obliged to ask you for your ID. The only bit of research you have to do is what online seller offers the closest to spot price because when you buy Gold in smaller quantities, there is quite a large premium to pay in relation to the actual spot price. Alternative option to purchase small amounts without the premiums are CFD's, but just like I always recommend people to own their private keys, I recommend people to own physical Gold themselves. |
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kennen1113
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August 10, 2019, 02:16:09 PM |
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How long is your long term?
I would choose Bitcoin if its 5 years more or less. The longer the higher the risk with Bitcoin. If its 10 or 20 years, I would rather go for gold. It has been here for thousands of years, no way its value will perish in the next decade or two.
But then again, we humans have the penchant of putting ourselves in an unnecessary quandary we ourselves make. Indeed, why not go for both?
Agree, we need to determine how long for our long term is, if it is only relative, bitcoin is probably still good for that time but longer, Gold is always a fixed choice when so many people understand how valuable gold is to be sustainable over the years, but life is like you say, it never has so much difficulty, we can all go in both directions as long as we like. We should automatically set our long-term time, we will be profitable according to our calculations, do not need to follow long-term time that others set out |
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a2583912156
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August 10, 2019, 03:47:25 PM |
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This is a very difficult question to answer. This is a personal opinion. If it is my own, I will still choose BTC. Now BTC is still in the bear market. Now investing in BTC, the income in the next few years will be great!
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oxgroth
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August 10, 2019, 03:55:23 PM |
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Gold will give you much stable and much more predictable income. Btc may give your 1000% of income or near 100% loose. Thats all about risks
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ajja
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August 10, 2019, 05:48:30 PM |
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for long-term investments I prefer gold because gold is tangible, that's the safest way I think for long-term investment but for trading of course I will choose bitcoin because of the very fast price movements.
many say investing in bitcoin for the long term is very good but I don't want to take risks for the foreseeable future, no one can guarantee it will succeed, all the possibilities can still happen.
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coolcoinz
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August 10, 2019, 06:58:02 PM |
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I have a bit of gold in the form of old jewelry and some old silver coins and cups. Some were made in the late 18th century so I just don't feel the need to get rid of them. I'm not buying more gold or silver, unless these are gifts for women, but I cherish the things that were given to me by friends and family.
If I were to buy something investment-wise, I'd choose bitcoin for many reasons. It's easier to sell, easier to carry around, get on a plane when you're moving, easier to hide from thieves. Also, it has a bigger potential.
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ONEnergy
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August 10, 2019, 08:00:49 PM |
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Comparing asset that has a hundred years of trading history and on the other hand asset that has 10 years history.
I believe gold is safe for the store but gold already had its golden years. Hard to imagine gold can pump 100% or more which is not the case in BTC.
BTC and whole crypto are still in an early stage. With every trading/investing you need to be careful but in the long run, I see BTC more profitable than gold.
In the end, you can split investment 50% 50% to play it safe.
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15Wny317eHkEUtURMMogcHYUbFtGArWxtS
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Bitcoin Seller
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August 10, 2019, 08:12:03 PM |
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Both are good for investments but if you will only choose one then i will go for gold as the price is stable and steadily increasing as the time goes by. In fact my gold wedding ring which is i bought 10 years ago for the price of $200 is now became $400 per appraisal value.
I would not compare Bitcoin and gold. They have a different history, purpose, applicability. Gold will be in demand for a long time at least for the needs of production. Gold for savings purposes is used in less quantity than for the manufacture of real goods. It is not correct to compare cryptocurrency and gold. The precious metal will always be in demand, growing in price (although slowly). |
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minersday
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August 11, 2019, 01:48:39 AM |
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Investing in Gold is not as profitable as it was in some decades back and looking at the bitcoin ecosystem, you can not really calculate your profit margin within a specific period of time. With these, I don't really think i will invest in either Gold or Bitcoin for a long term investment plan. I will prefer either a short term investment plan or daily trading with Bitcoin than a long term investment.
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Darker45
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🙏🏼Padayon...🙏
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August 11, 2019, 02:36:11 AM |
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Both are good for investments but if you will only choose one then i will go for gold as the price is stable and steadily increasing as the time goes by. In fact my gold wedding ring which is i bought 10 years ago for the price of $200 is now became $400 per appraisal value.
I would not compare Bitcoin and gold. They have a different history, purpose, applicability. Gold will be in demand for a long time at least for the needs of production. Gold for savings purposes is used in less quantity than for the manufacture of real goods. It is not correct to compare cryptocurrency and gold. The precious metal will always be in demand, growing in price (although slowly). For the past several months or even few years though, Bitcoin has been compared to gold. Hot debates have been conducted along this comparison. Basically the comparison is on the basis of which is better as an investment or an asset or a store of value, with Bitcoin even proclaimed as the digital gold. Their uses as well as their intrinsic value have also been touched. However, I don't think it is really necessary to compare the two. You do not have to put an "or" in between when you can put an "and". But if we talk of very long term investment as in 20 years or more, I guess you have to be safer and put more on the one who has already survived through eras and millennia. |
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BlackFor3st
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August 11, 2019, 03:11:59 AM |
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Gold has been used for centuries and it was the foundation of all the money out there, it was being used in trading goods and etc. while Bitcoin emerges only for several years.
But if you are going to compare the two in the current time then I will definitely choose bitcoin because I can gain a lot from it due to it's increasing price and demand. I can definitely gain a good amount of profit from it compare to gold.
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bitgolden
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August 11, 2019, 06:03:56 PM |
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The only thing that I still see with gold is that it is legally accepted and can also be used as payment and exchange for things, can also be accepted as collateral for banks if the need arises and some other few advantages of it that I can’t remember right now, but for investment, I am not still sure that gold is very perfect for investment because if you look at the growth of gold price, it is much low.
The one reason why people just buy gold sometimes is to use it to tie their money down and at least it can still be resold, but when it comes to real investment, I think bitcoin outperform gold, if you really want to know which one is actually the best, government would have just pronounced bitcoin legal for one day and you will see how much bitcoin will change the life of so many people that invested in it overnight.
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jake zyrus
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August 12, 2019, 02:55:14 AM |
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You can have both. It's a good thing to invest in bitcoin since the possibility of price increase. Especially in this modern era where technology is a already a part of human life. But having a gold is also good. It's limited and from nature. As the time goes by, gold are becoming more limited, and I think its value will also increase by that time.
But personally, I would prefer bitcoin
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